The Competition Commission of India (CCI) has approved the stake acquisition in JSW Cement by Synergy Metals Investments Holding, under the green channel route. Green channel is an automatic approval system, whereby a...
Panyam Cements’ resolution plan gets NCLT nod
The National Company Law Tribunal (NCLT) has approved a Rs 100-crore resolution plan to revive Panyam Cements and Mineral Industries. The plan, submitted by a consortium of cement consultancy firm RV Consulting Services...
Brazil’s CSN in talks to acquire cement maker Elizabeth
Brazilian steelmaker CSN is close to acquiring cement company Cimento Elizabeth for roughly $250 million, newspaper Valor Economico reported on Wednesday. Elizabeth is controlled by investment firm Farallon Capital. In...
Anjani Portland to buy majority stake in Bhavya Cements
Anjani Portland Cement, part of the Chettinad Group, is acquiring a majority stake in Bhavya Cements, which has around 1.4 million tonnes a year of cement-making capacity and annual revenue of more than 300 crore...
HeidelbergCement to sell five assets as revamp picks up pace
HeidelbergCement has identified five assets to sell in a review of its business and has had a good start to 2021, its chief executive told Reuters, as the world’s No.2 cement maker enters the next phase of its plan to...
LafargeHolcim to buy Firestone Building Products in $3.4 billion deal
LafargeHolcim, the world’s biggest cement maker, on Thursday announced a $3.4 billion deal to buy Firestone Building Products from Japan’s Bridgestone Corporation in its biggest acquisition in more than a decade. The...
Cemex sees merger of two European units in effect from December
Mexican cement maker Cemex said on Friday its plan to merge European units Cemex Espana and New Sunward Holding should be registered by the end of this year or soon afterward, and would then be retroactively in effect...
Former resolution professional moves NCLT on ‘fraud’ in Bheema Cements’ forensic audit
Days after the Ministry of Corporate Affairs ordered a probe into alleged fraud at Bheema Cements that recently changed hands in a bankruptcy resolution, its former resolution professional moved the National Company Law...
Dalmia Cement buys Indian Energy Exchange shares worth over Rs 144 cr
Dalmia Cement (Bharat) Ltd on Wednesday purchased shares of the Indian Energy Exchange (IEX) worth over Rs 144 crore through an open market transaction. The shares were sold by DVPL Ventures LLP, according to bulk data...
Emami may sell land, non-core assets to bring down promoter pledging
Promoters of Emami may look at selling land parcels and non-core assets as part of their deleveraging plan. Promoter pledge in Emami has reduced to below 55 per cent, from a high of 90 per cent, after sale of its cement...
CCI approves acquisition of Emami Cement by Nirma promoter Nuvoco Vista
Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of Emami Cement by Nuvoco Vistas Corporation, which is a Nirma promoter group company. In February, Nuvoco Vistas —...
Damanis increase stake in India Cements to 19.89%
Radhakishan S Damani family, the promoters of retail chain D-Mart, has increased shareholding in India Cements Ltd by 15.16 per cent as of March 2020. Radhakishan S Damani and his brother Gopikishan S Damani now...
